Having surged to pre-COVID levels in June, The Conference Board’s consumer confidence index is expected to rebound in September from a two-month slide, but they were wrong as US Consuemr Confidence tumbled for the 3rd straight month to 109.3 (from 113.8 and well below the 115.0 expected).
Both ‘Present Situation’ and ‘Expectations’ tumbled (143.4 vs 147.3 prior and 86.6 vs 91.4 prior respectively). Source: Bloomberg
This is the weakest consumer confidence since February. “Consumer confidence dropped in September as the spread of the Delta variant continued to dampen optimism,” said Lynn Franco, Senior Director of Economic Indicators at The Conference […]
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